Reliance is a well-known and trusted brand in the insurance segment in India. One of the best term insurance plans that come from Reliance is the Reliance Online Term. Here are the features of the Reliance Online Term.
Main Features of Reliance Online Term
| Minimum Entry age | 21 years (completed) |
| Maximum entry age | 60 year (nearest) |
| Maximum age at entry | 65 years (nearest) |
| Minimum policy term | 10 years |
| Maximum policy term | 30 years |
| Minimum sum assured | 5,00,000 (5 Lakhs) |
| Maximum sum assured | no limit |
Why Choose Reliance Online Term?
- 3 Crore+ Policyholders and Widely loved and trusted by our customers
- 100+ Insurance Products and coverage for everything
- 98.6% Claim Settled which is hassle-free claims intimation and settlement.
Good Points of Reliance Online Term
- No limit for the maximum Sum Insured limit
- You can pay your amount either cash or online through net banking/credit card/debit card/Paytm/Google Pay
- If you pay online you get to save some amount than the offline Term Plan of Reliance Online Term.
Bad Points of Reliance Online Term
- It’s more costly in comparison to other private players in the same segment.
Annual Premium For Healthy Male, Non-Smokers, Age 30 Years, Sum Insured 5,00,000 (5 Lakhs)
| Company | Amount(rupees) |
| ICICI Pru iCare II | 9470 |
| LIC e-Term | 8202 |
| Bajaj Alliance iSecure | 7623 |
| SBI Life e-Shield | 7220 |
| HDFC Life click2Protect | 6741 |
| Max Life Online Term Plan | 4775 |
| Aviva i-life | 4635 |
| Aegon Religare iTerm | 4607 |
| Reliance Online Term | 4029 |
- This proposal for your own life will be only considered. If you want to buy a policy for your wife or any other family member. You Need to Buy Separately for them.
- Not available for NRIs.
Things You Must Have to Buy This Plan
- You need to undergo a health check-up During buying plan in India.
- Bank Account Details and MICR code
- Details of medical history (if any)
- Details of family members
- Details of your all existing insurance (if any, both Private or LIC )
- PAN Number
- Form 16 or ITR of the last three years
Things to Take Care
- No accidental benefit for the rider.
- Maximum age is 65 Yrs.
Conclusions
It’s biggest Company of Reliance for launching an online term insurance. But the pricing of the e-term is on higher side in comparison with other private company in the same segment. For non-smoker customers there is not much High Price in premium, it’s almost same as offline Term Plan of Reliance Online Term. There is also no option rider available with the Online Term Plan. So this plan is only for customers who are looking for low price term plan with govt security and good claim settlement ratio. We would still suggested our readers to compare all the online insurance term plan and buy the one most work for you.